if they are a u.s. flag, they are mariners. u.s. marines licensed and then there are security regulations subject to constant oversight and regulation. a foreign flagged vessel or ship in and out of u.s. ports, they are subject to international conventions and rules on safety and security. when a foreign flagship comes into the u.s., the coast guard coordination with other partners will go on board at ensure the safety and security of that vessel. increasingly, not only physical security, but increasingly international convention cyber standards as well. michael: so your cyber responsibilities extend to all of these ports, waterways. in-land, as well,, great lakes as well as saltwater, for the entire united states? adm. lunday: they do, and actually they have been strengthened recently, too. the president issued an executive order that did that, that moved forward in two areas. one, it give the coast guard greater authority that built on our existing authority that went back to cold war sources, to protect u.s. ports from sabotage a

- in the u.s.on the ipo, how much enthusiasm have you seen for the ipo so far? sebastian: well, we are flattered by the media attention to it. something seems to be written about it quite a lot. obviously, 1-2 weeks ago we had a dramatic event in the stock market. before that there was more of an acceptance. we were going into a period of time where ipos were happening and there was more interested in that. what people appreciate about klarna is two years ago this business was attractive but in two years we have increased revenue by 50% and we have reduced cost by 30% which means we are profitable. that financial performance raises eyebrows with investors. and we are committed to continue on their shrinking path through natural attrition rates. tom: you have been an early mover on genai. what has been one of the most surprising things that stood out to you as you have embedded some of this genai across the business? sebastian: in a way i would say i was pulled into the hype about a year ago. we use

we know the u.s.tly have about 40,000 personnel positioned in the region, scattered around various bases. they have strong naval fleets and airbases in qatar. but in the past week, they have been sending more military assets. yesterday, the central command said they sent f-22 fighter jets to the region, very powerful in terms of detecting and surveying should there be that potential iranian retaliation. they have also deployed more warships and fighter planes as well. on one hand, even though they are pushing the diplomatic angle, they are deploying more assets to the region to send a signal to iran and its proxies that the u.s. would not hesitate to come to the defense of israel, similar to what we saw on april 13 with that direct retaliation that took place between iran and israel, when you saw those coalition forces intervene and intercept and shoot down drones that were fired at tel aviv, so there's an expectation that there is a retaliation coming in the u.s. is ready to defend israel. tom: bloom

the u.s., russia, and several other countries underway right now. we don't yet have the official list of the americans released as part of this deal. according to the senior administration official who we have been in contact with, we can expect them to be in u.s. custody soon. we do know that russia has been holding several high profile americans, and among them, "wall street journal" reporter, evan gershkovich, and former u.s. marine, paul whelan. join us now, white house correspondent gabe gutierrez. also with us, david rhodes, senior executive editor on national security for nbc news, and former u.s. ambassador to ukraine, bill taylor. thank you all for joining us. gabe, what are we hearing from the white house this morning, as this prisoner swap is underway. >> hi there, ana, good morning. potentially a momentous day at the white house, and as you said, we are awaiting details of what this prisoner swap entails and we are awaiting word to hear that these prisoners are safely in u.s. custo

retail sales out of the u.s. and gauge on the u.s. consumer. a 2:15 p.m. u.k. time, its u.s.ial production, that's another segment of the u.s. economy for which we get more color. later today the fed had speakers at an event and we had these relatively dovish comments from rafael bostic speaking. and before the market on the earning side, a couple of big chinese names on the consumer side, e-commerce, alibaba, jd.com and the biggest retailer of the mall, stateside, walmart earnings crossing as well. another touch on the u.s. consumer. hedge funds have continued to buy into some of the biggest tech companies, including apple. while trimming positions intriguingly and nvidia as they reshuffle their positions in the ai boom that fueled the blistering rally of the u.s. stock markets. let's get more from bloomberg tech reporter annabelle droulers, who has been passing the details of these filings. one of the big changes that you seen? anabel: passing the details, there's about 670 companies are hedge funds that have so far offered up the changes that they made in the latest timefr

the u.s. and its allies prepare for a significant set of attacks against israel from iran that could come as soon as this week. western leaders urging restraint. oil slips after a five-day advance with the threat of an escalation in the middle east offset by signs of weakening global demand growth. japanese stocks surge, recovering from last week's rout. confidence in china continues to crumble, with transactions sinking to their lowest level in over four years. u.s. inflation data in focus later. let's check in on these markets, then, after essentially a flag day across europe and u.s. yesterday. .3% up. ppi out of the u.s., the inflation print to watch today as we lead up to the cpi wednesday out of the states along with inflation data out of the u.k.. the ftse 100 up one before points -- nasdaq futures pointing up by 51 points. let's lacrosse asset. weakness continues. the markets are back. you are seeing gains come through from japan. the japanese yen down .4%. the benchmark u.s. 10 year a

in the u.s. -- the u.k. and the u.s. who directly contribute forces to defense of nato and weapons deployed with france is important for nato security. and it complicates russian decision-making to have multiple nuclear power centers. decision-making centers. the u.s. remains committed to the defense of nato, through its nuclear forces, the supreme guarantor of nato security. it's important to promote burden sharing among nato partners. we want to continue having discussions on better coordinating policies, particularly in the multiple nuclear challenger world, what our european partners can do to contribute to help deterring opportunistic aggression in crises and in simultaneous theaters. those conversations are important. i don't think they are aimed at substituting for u.s. nuclear capability for nato which remains the backstop of nato security. >> great. next question. it is from decker. one second. what specific challenges are there on deployment of sky fall for the u.s.? >> i think russia's pursuit of novel nuclear

when u.s. police department get trained by israeli occupation forces and bring those military tactics back to kill blacks and brown communities. palestine is the issue. when our tax dollars are being used to kill doctors, nurses, and paramedics, palestine is your issue. when the irs blows up universities in gaza and 15,000 children that will never return to school, refuses to fund education here, palestine is your issue. i want to add that there are people who are upset that we are criticizing and holding the democrats accountable that somehow we are giving power to trump. we recognize trump and project 2025 are dangerous. we know the dangers of his administration and his son in law jared kushner's racist rhetoric colonial ambitions to further colonize palestine. we know jared was honored by the anti-black anti-arab anti-muslim, anti-defamation league. adl had him as a speaker at the convention. so that is why we marched on the dnc. in closing this incredible mobilization is here because of all

u.s. factory prices adds to hopes for a rates cut. the fed warns they want more data before easing. we were preview today's key cpi print. stepping aside, japan set to get a new prime minister after the prime minister says he will not run for a second term as leader of the ruling ldp. ubs posts higher-than-expected profit in the second quarter as net income hits $1.1 billion, smashing the estimates. we will bring you the details. ♪ tom: a massive beat from ubs in the last 50 minutes, net income coming in above 1.1 billion in the second quarter, double the estimates of $520 million. ubs said we know this is crucial to investors still targeting up to $1 billion of share repurchases in 2024. it is reaffirming their plans around capital returns in 2024 saying they have that resilience on the balance sheet. ubs on track to reach profitability levels pre-swiss credit merger, and they see that momentum continuing into the third quarter and flows into the wealth management business as well of abov

u.s.n its war effort. ukraine successful incursion into russia which has now claimed 100 settlements and almost 600 russian prisoners is part of what president zelenskyy has called an ambitious plan he hopes will change president biden's mind. moscow has conducted another missile and drone attack on several regions in ukraine, killing at least five people. president zelenskyy said the newly arrived f-16 fighter jets provided by the west shot down the drums. for more on the situation, our correspondent sent this report. >> the ukrainian air force says overnight, moscow used more than 80 drones and a dozen missiles in order to target cities across ukraine. and they say they managed to intercept almost all drones and five missiles which suggest they failed to shoot down the remaining five missiles. we know that one of those targets then they managed to hit was the hotel where at least three people were killed. and rescue operations are still continuing there. emergency workers are trying to f

through the u.s.on act and the canadian subsidies with a huge amount of potential government money come into the sector. from the investment case, if you look at oil back in the early 1970s, indonesia is now at the point where it controls two thirds of global supply which is more than opec at its peak. you want the government to basically get china and indonesia out of the supply chain. with those incentives that are in place, we only need to provide a small fraction of the capital required to build the projects, effectively getting free leverage from governments around the world and the price protection from the tariffs walls going in one direction. we are in a great position being inside the wall in canada to take advantage of it. >> right. right now nickel supply is led by indonesia and philippines and chinese, is that correct? there is a lot of concern of the dependence on china. how do you fill that gap? >> what we're doing is basically lucky to find some very, very large nickel as yosulfide reso

i'm sorry, the u.s. navy first and then the army came in and occupied buford the sea islands head after the navy came in and drove the confederate writs out. she knew that it spelled trouble and i think the enslaved people on the can be knew that the union had come and this spelled freedom for. in the book i've been able to try to trace several formerly enslaved who left the company who liberated themselves and went to buford and worked for the u.s. army quartermaster after gun shoot at bay point. so the combahee river raid really begins. the battle of port royal. okay. and the battle of port royal inaugurates the port royal. there are. 8000 formerly enslaved people who are freed and these formerly enslaved people are in, in all respects, abandoned right there without, uh, their whites, shall we say something that we're thinking about the civil war period would have been in, according to the planters. but according to the union as well. so this inaugurates the port royal experiment, which was the largest

switching over to u.s. politics. u.s.idential nominee kamala harris is pushed to address economic woes and bolster the middle class that would be heard day one priority in her first tv interview since the d&c. vp harris: my agenda includes what we need to do to bring down price of groceries like price gouging. what we need to do to extend the child tax credit to help young families be able to take care of their children and their most formative years. what we need to do to bring down the cost of housing. joumanna: let's get more on this story with bloomberg's kriti gupta, many people were watching out for this interview because it was the first that harris has done since she became the democratic nominee. she was asked a lot of questions about her policy positions in the evolution of those policy positions. what have we learned? >> very, very little and i think that was almost by design. this is something she and her campaign have been less vocal about because it's something that invites a lot of criticism. and i will go

yes, the u.s. has allowed cartels, terror groups, chinese money organizations to use phony corporations in their schemes. they may exist on the on paper but enable deadly threats. nearly 108,000 americans died of overdosage in 2022 according to the cdc. 436 were rhode islanders. the deaths ripped across my state in a tide of heartbreak. fentanyl and other opioids are a responsible for these deaths. shell corporations that hide the delivery of precursor chemicals and hide the profits from sales. one doj indictment last year alleged they designed a network of shell counties in wisconsin to launder millions for the cartel. traffickers in new jersey were charged with using a cell company to buy substances from china that went into counselor fit pills. syrian drug traffickers that use legitimate business launder money. we cannot not guilty forget that terrorist groups, putin's cronies and others use these same opaque corporate structures. let me be clear, the network of shellorporationservicing these fo

the u.s. arsenal, and given the central role to alliances, how do we adapt the arsenal and those alliances and structures and institutions behind them to the new threatening environment. this administration has made strides in strengthening partnerships both in europe and in the indo pacific. the doctor has been a part of those efforts and the nuclear consultative group with south korea and serving as chair of the nato hl g. p is the acting assistant secretary for space policy including space, missile defense, nuclear deterrence and conquering policies. prior to the entry into government he was a professor of nuclear security and political science at m.i.t.. his key academic work includes nuclear strategy in the modern age and speaking on strategies of nuclear proliferation. he has degrees in chemical engineering from stanford university in studied as a fellow and a phd in government from harvard university. after his remarks, he and i will sit down and start the discussion and we will open up

the u.s. equity markets looking like this and that u.s.pi print looking to smooth the way for a possible fed easing next month of 25 points some analysts say 50 is still in the offering we will talk about that with our next guest in a short while. you see the dow, s&p 500 the cpi coming in over 2.9% in july as investors look to see when the fed could join the peers in europe and uk in cutting rates from the highest level in more than two decades the u.s. central bank held rates at 5.5% for more than a year now and choosing to hold rates in each of last eight meetings. traders have trimmed bets on the 50-basis point cut since the cpi read which came in line. that's according to the cme fed watch tool which shows investors lowering bets by 20 points it is a widening road to the next fed meeting with four events on the horizon. retail sales on friday and we get the minutes from the july meeting before the fed meets in jackson hole before the metric hits the tape on the 30th. the atlanta fed president raphael bostic told the ft that wednesday'

u.s.ocracy. a majority say it could be at risk depending on who wins the presidential race. others say the u.s. is strong enough to withstand the outcome no matter who wins. and some say the u.s. is already still broken. the results don't matter. the poll is just a glimpse of the electorate and we want to hear your thoughts. here are the numbers to call -- republicans, 202-748-8001, democrats, 202-748-8000, and independents, 202-748-8002. you can send us a text at text 202-748-8003 or post a question or comment on facebook fat facebook.com/cspan -- at facebook.com/cspan or on x at @cspanwj. that new polling coming from the associated press and the headline from that natural talking about the majority of u.s. adults say democracy is on the ballot but they differ on the threat. here's a closer look at the numbers. you can see here on this chart on your screen -- democracy in the u.s. could be at risk depending on who wins the 2024 presidential election. that's at 59%. the blue at 21% our res

u.s.arkets extend their losses as global markets tumble on fears of a u.s. economic slowdown. ♪ caitriona: hello and welcome to world news america. we begin with the unprecedented up people in bangladesh. the prime minister resigned and fled the country after weeks of deadly unrest, ending a run of 15 years in power. hasina was rushed onto a helicopter. footage sewed looting and vandalism inside her home as demonstrators went from room to room. widespread celebrations broke out on the streets after she announced her resignation. the former prime minister has taken shelter in india but deadly clashes continue on monday. more than 300 people have died during weeks of antigovernment protests. they erupted last month after student groups demanded the scrapping of the controversial quota system that favored relatives of those with military backgrounds. the military chief has formed an interim government. . >> this was the epicenter of violence for the last weeks. students gathered protesting ag

you have to take a bet now about where the u.s.nomy is heading and that will dictate the pace of rate cuts, you know. but as it was said, i truly think that the more rate cuts you get, the likelihood that this is coming with negative data and hence weakening earnings momentum is a high likelihood, you know. so it is difficulty think to be too optimistic, and at the end of the day the focus of the market has been on the rate cuts, but look at what has been driving the markets for the last 18 months. it has been technology. so the market couldn't care less about interest rates, it went up anyway with big tech. so what is going to happen this week with nvidia is critical. >> absolutely. so what do you expect to happen with nvidia, given current valuations in the technology space, and how do you want to be positioned broadly as we see this new easing cycle starting next month? >> so first on nvidia, look, i think we've had tremendous volatility in the stock over the recent month, telling you how -- you know, how risky the stock is, you

both the u.s. say were innocence. two other u.s. based journalists also released.the exchange also involved 12 german nationals held in russia and eight russians in prison in the u.s, germany, slovenia, norway and poland. the biden administration has been working on this exchange for years, and it's a rare example of cooperation between the u.s. and russia during very high tensions. now, the freed americans are expected to land at joyce joint base andrews at 830. our time. that's just about 2.5 hours from now, and we are told that both president biden and vice president harris will be there to greet the freed prisoners in san mateo, a man is in critical condition after getting buried in a trench. today. firefighters were called to a sewer line project at a home on 41st avenue in san mateo this morning. they say that man was working about 12ft down in a trench when it caved in, partially burying him. crews say it took nearly an hour to free him. the first thing that we did was put some plywood in to make sure that dirt didn't further collapse onto him. and then we w

so the u.s.upports and the people supports should be for educating the young leadership and the peoples, the talents and leadership talks for the change. so just, you know, helping them and educating them, it takes time. but we want to be more leaders, young leaders, who have passion for north korea. that's my advice. >> i really appreciate that, our voices can be heard more widely. because, for example, many of the unification, those kind of ideas and then the agendas are overly represent the mission of the south korean people, but we have to also listen to the north korean people, what do they think about reunification? what do they really want, right? we do want unification, but there should be many different preparations. it has to be set up. so, yeah. i will say, many of the voices are ready now, many english speaking, those people, so, yeah, i appreciate if we can have more of these kind of opportunities to discuss with the opportunity to discuss with the experts in washington, d.c. and new

course the u.s. intert in the pacific is not just because of global competition but that's a fact that the pacific islanders are very aware of. i'm curious your thoughts on the perspective what you see on the ground in terms of the chinese and other efforts to the rules-based orders that benefit the pacific and how you work with the pacific island and other countries to combat that. >>. it's a huge problem that we've encountered specifically in new york that i think is a global problem as well where the chinese have made. a very conservative with full effort to rewrite the rules of the road. it's what they see as the future including inserting and ung documents issues that go against the core values that many of the countries have. but what we have been clear on, and i made that statement as well when i was in the islands, is we are not trying to force countries to choose between us and china. what we are doing is giving them a choice to make many countries say we are forced into these relationships

the u.s. economy. treasuries gained ahead of the jobs report. intel plummets after releasing a barrage of bad news while amazon tumbles on its plan for increased ai spending. we will bring you the details. the bank of england cuts rates for the first time in over four years in narrow 5-4 decision. joumanna: good morning, everybody, and welcome to "bloomberg daybreak: europe." we are seeing a major pullback for risk assets in the past 24 hours, were session or asian stocks in over two years. as you can see as we get into the european session euro stocks futures pointing to another negative open, down .9 of 1%. s&p futures leaning negative down about .8 of 1%. nasdaq building on from losses yesterday with the nasdaq closing 2.3% lower. a lot of moves to digest after hours, intel done double digits, arm as well. many tech stocks have been disappointing their earnings. it is not just equities that have seen major moves. let's which of the board and take a look at other assets we have been monitori

the u.s.s to welcome home three citizens. >> now their brutal ordeal is over and their free. anchor: we examine what the kremlin gets in exchange. new details we are learning about a blast in iran that killed a hamas political leader. ♪ a very warm welcome to you. two dozen prisoners from six countries are returning home in a historic, complex deal between russia and the west. joe biden posted this image of the three american citizens aboard a plane. included in the exchange is a wall street journal reporter, a marine veteran, and a pulitzer prize-winning journalist. speaking at the white house, president biden said this was a feat of diplomacy. this took place in turkey. our russian editor has more on how it unfolded and who was looted. reporter: it was a complex operation. planes flying in from east and west. the location have been a closely guarded secret. the stage for the largest prisoner swap since the cold war. in involved 26 people being held in seven different countries. among those f

kristin cannot counter u.s. we use a massive drone swarm attack are we prepared to adequately defend against that? that's also a question being looked at very carefully in the pentagon. >> if you look at the naval warships in the red sea the showing what it is like to be swarmed by the drones the ms. yaccarino are firing in their learning as we speak. i want you to look out into the future five years from now. what do you see perhaps we do not? what needs to be done with the pentagon doing it? >> how long do we have? i will say if we do consider china i think it is true. president xi tends to -- wants to reintegrate taiwan with the mainland on his watch. he has made that clear in numerous statements we should take him at his word. it's also clear he would prefer to do it through economic and political coercion. shrinking taiwan's international space. not use mildred they don't have to because of the high risk proposition. however he's told his military we don't know if it's a blockade, invasion, or both he wants

u.s. and japan who are experts in their field and coming from various organizations, i will give a brief introduction and allow them to share their wisdom and then open up for questions and answers from the audience so i encourage everyone to think about what you want to now. first we have the deputy director general or economic affairs in the global strategy bureau and communications. the cyberspace and digital bureau department of state. on the end, a senior representative from international cooperation. we had a fourth panelist, unfortunately she came down with the flu over the weekend so she was not able to join us today. we wish her a quick recovery. but that said, the floor is yours. ... >> thank you much for getting together today. these topics with japan and u.s. have been working together and i'm very pleased to share -- in the world we live in today -- ice infrastructure such as mobile communication networks create crucial role as foundation of our social economic activities. is

in the u.s., in true u.s.times square billboard when revolut got their license, con ag congratulations. there is more capital there. that is one thing that will be helpful to them. >> i think it is interesting. when we turn our focus to what you're doing, beringea is expanding in the u.s. to raise funding for american investors. you are also part of the trend. help me understand the companies that you are working with and explain the process here. what role do you have to play in helping to build businesses in the uk and europe and get them to public markets? >> sure. beringea is a uk and u.s. team. we focus in uk businesses. the whole idea with the firm name, beringea, it was derived from the bering strait. we connect businesses by funding them at both stages and bridge the gap. a lot of the uk office want to scale and grow to the u.s. because it is a much bigger market and easier market to scale. those are the dynamics we think about. >> do you think you have the next big unicorn in your portfolio? >> there

the former u.s.ional security adviser john bolton is sang the peace process between israel and hamas is a long way to go. continuing the geopolitical theme, let's hear from him on bloomberg surveillance. >> there is a regional war in the middle east now of iran against israel on five fronts. hamas and the gaza trip -- gaza strip, the houthis and the red sea, that she a militia in iraq and syria -- shia militia in iraq and syria. the question is how do they i'll up one or the other. israel fears hezbollah's arsenal. public estimates are that hezbollah has between 120 and 150,000 missiles. that would be enough to overwhelm israel's air defenses at least -- it is complicated. it is the fact that the leadership in tehran is determined to destroy the little satan. >> yesterday we heard from donald trump who said -- we are going to be friendly to iran. we are going to be friendly, i hope we are going to be friendly. do you know what's wrong's -- what trump's 2.0 policy is going to look like? >> he has no i

u.s.harris and tim walz set down for their first joint television interview since accepting the democratic nominations for u.s. president and vice. harris faced criticisr what you formal interview with eight news outlet center campaign started. they were interviewed by dana bash in georgia. our it is part of cbs news estimates ms. harris is tied in pulling in that state with her republican opponent donald trump at 49%. vice president harris is in backing -- is embarking on a campaign bus tour through georgia this week. a short cp of the interview shows vice president harris asked about policy. >> generally speaking, how should voters look at some of the changes you have made that you have explained some of your in your policy? is it because you have more experience now and you have learned more information? is it because you were running for president in a democratic primary? should they feel comfortable and confident that what you're saying now will be your policy moving forward? >> dana,

. >>> weaker than expected u.s.actory data. >>> new york braces for another day of pain with nasdaq futures more than 1% lower ahead of today's non-farm payrolls data. >>> amazon sinks on the back of the first revenue miss in nearly two years while apple overcoming china to booa 5% sales boost. >>> and the ceo explains the decision to cnbc. >> we decided to leave with our shareholders and i think that makes sense. >>> very good morning, everyone. what a week it's been for equity markets. we start with all of the action from central banks. the bank of japan increasing rates and the fed saying they are keeping rates on hold, but perhaps cutting them in september. then we heard from the bank of england cutting rates by 25 basis points. over the last 24 hours, growing concerns about the state of the u.s. economy after weak manufacturing data and actually at this stage, some investors are raising the question about whether the fed should have cut rates this week. so that's your back ground as we look at today's equity se

european stocks and u.s. stocks have made up essentially the losses of last monday, but volatility still firmly in focus for investors. european stocks pointing to pretty decent gains this monday, up 0.5%. catherine mann saying she remains cautious on inflation in the u.k.. s&p futures pointing flat after the gains that came through friday. futures looking to add 33 points. michelle bowman of the fed saying more work needs to be done on inflation. let's look cross asset. the japanese yen coming under pressure in the morning session. we have heard from a former boj member saying they are unlikely to hike again this year. japanese yen currently 147. a little softness coming through. euro-dollar out at 1.09. gold at 2433, up a 10th of a percent. let's go to avril hong. avril: we are seeing asia stocks climbing for a second session, and i think that sense of calm is continuing to return to the markets, making what happened last monday look increasingly like an overreaction. but we have a lot of data to get throug

the u.s. and canada working with europe is important. now, nato was founded because america got into world war i and world war ii late after hundreds of thousands of lives were lost, carnage, it affected our economies and our leaders said, we need america in early. in fact, america is the leader of nato. we are the country that will assess a risk and then deter against that risk and we're the ones who will do it and our european allies look to us to do it and i think that's why it's so important that we remain the head. going forward, i think the fact that -- what would we do if we had another world war? we wouldn't have trading partners if we just let europe go and it becomes a turmoil. europe is our solid partner. it's an economic partner and when you think ahead to this risk that we're talking about, what would we have to deter china? in my opinion, we have economic strength. china will probably have more military, bigger navy, more weapons, more missiles. they'll have nuclear. they've got

the u.s.ide, the market is worried about a hard landing, thinking about the fed cutting aggressively which should weaken the dollar and support the yen. it would tamper with or -- four -- or higher for longer regime will cause investors to take money off the table, because risk parameters around their funds and we will be more cautious. you cannot expect people to get on with buying the dip. tom: ok, paul dobson on these comments by the deputy governor, thank you indeed. to the presidential election, vice president harris introducing minnesota governor tim walz at a rally in philadelphia. they said trump would be a disaster if the former president is elected in november. >> trump is not fighting for you, he never sat at that kitchen table wondering how to pay the bills. he is wondering how he can cut taxes for his rich friends. tom: kriti gupta joining me now. the pic of tim, not josh shapiro, not the representative out of arizona, someone involved in space. this is the governor of minnesota,

the u.s. economy. a rocky day across the board. the dow jones today lost more than 1,000 points, closing at 38,703 points. the nasdaq falling 576 points. and take a look at the s&p 500, suffering its worst day in two years, down 160 points. what this could mean for the federal reserve, and a likely rate cut next month. here's abc's chief business correspondent rebecca jarvis. >> reporter: tonight, a stock market selloff. the worst day on wall street in nearly two years. investors rattled by a growing list of concerns, from high interest rates to disappointing reports on jobs and manufacturing, to the threat of war in the middle east. >> all of these things created a perfect storm and you had everybody just wanting to sell everything they can. so, across the board, there was nowhere to run, nowhere to hide. >> reporter: the heavy selling started overnight. japan's market down more than 12%, its worst day since black monday in 1987. u.s. stocks plunging out of the gate. the s&p 500 closing down

., early u.s. religion and reform. the book is missionary diplomacy, religion in 19th century american foreign relations this year by, cornell university press, the book's author emily conroy-krutz, is an associate professor history at michigan state university. she is a historian of the global history, the 19th set of 19th century america. in addition, missionary diplomacy. emily is, the author of christian imperialism converting the world in the early america. that is one of my favorite books of all times. i thought until this i did it in very nice job, emily. and she is also the coeditor of a book that came out last year the early imperial republic from the american revolution to the us mexican mexican war. here. i want to take a quick word because. the difficulty for me as chair today is that job is to get everybody else to talk, including you all. but if you don't mind, just indulge me for a second to give you just a quick word. this i did. i just want to give a quick word about the book and i

so u.s.ng to find partners and allies to work to compete with huawei, which of course is unfairly supported by its own government. it's undercutting vendors and suppliers all around the world. some countries i think more hesitant to of course build a relationship with such an and trusted vendor, but others who see the cost competitiveness of their products and throw caution to the wind, i guess you could say. when we talk about the competition with china, we talk about, sometimes we talk about with the regional context, right? so southeast asia being the focus giving the proximity to both japan, china and, of course, a lot of u.s. interests in the region. latin america, africa, even europe to a certain extent. and, of course, mark, as you mentioned, the argument or gues guess, it's not one-size-fits-all, right, for each country. each country has its own diplomatic and economic security and other interests here and so i do wonder how do we think about going forward in this partnership between

the u.s. sources tell abc news donald trump was among the potential targets. the suspect, a pakistani national, is accused of trying to recruit hitmen. he was arrested the day before the shooting at trump's rally. here's abc's aaron katersky. >> reporter: tonight, a pakistani man with alleged ties to iran is in federal custody, charged with plotting to assassinate u.s. officials from both political parties, including, sources say, former president trump. prosecutors say asif merchant had just spent time in iran before he flew to the u.s. in april. >> in june of this year, the defendant met with several individuals in new york who he thought were hitmen, but who were, in fact, undercover law enforcement officers. >> reporter: agents following merchant from texas to new york. court records include this image of the suspect allegedly gaming out the assassination plot on a napkin. and this image of the code words prosecutors say merchant used to describe the scheme. sources tell abc news no final

inflation is an issue in the u.s.s been rising under president biden, but it is not the worst in 100 years. it hit a peak of just over 9% back in december of 2022. but it has been higher than that it was last that high in 1981, so trump is exaggerating what he says -- when he says it is the worst and 100 years. that highlighted -- he highlighted particular groups hit badly by inflation. he highlighted bacon which, the price had risen four or five times over in a few years. the price of bacon has risen. it is up 17% since trump left office. that is nowhere near four or five times like trump said. a fair amount of overestimation and exaggeration in both his points around the economy and inflation. >> what about immigration? >> this is a familiar theme, a campaign theme he comes back to. in the interview he said he thought 20 million people had crossed over the border illegally into the u.s. while biden has been in office, since the start of 2021. immigration numbers are high under biden. they have hit record levels, alt